May 11, 2022 12:00:00 AM
Singapore, 11 May 2022 – Supply Chain Angels (SCAngels), the corporate venture arm of YCH Group, Asia Pacific’s leading integrated end-to-end supply chain management and logistics partner, recently announced its investment in Singapore-based fintech start-up, Liquid Group Pte. Ltd. (Liquid Group), specialising in cross-border corporate payment solutions for business-to-business (B2B) and business-to-consumer (B2C). This investment is supported by National Research Foundation Singapore (NRF).
Established in 2015, Liquid Group operates a consumer-to-business (C2B) QR digital payment network across multiple Asia Pacific markets that enables cross border usage of payment wallets and national payment schemes. As a non-bank participant on Singapore’s PayNow and FAST platforms, Liquid Group also provides real-time B2B and B2C payments in Singapore, and close to real-time cross border B2B payments, for marketplaces as well as trade and logistics platforms.
This collaboration will synergise YCH Group’s role to value add as a strategic investor and to onboard the logistics and supply chain giant’s B2B clients to leverage Liquid Group’s cross border payment services. This strategic collaboration will enhance YCH Group’s businesses, such as e-Commerce to amplify the variety of cross-border payment options available to conduct transactions for both merchants and sellers.
The addition of Liquid Group as part of SCAngels’ strategic investments in recent years will strengthen YCH Group’s logistics and supply chain’s capabilities in the Asia Pacific region.
Mr Isaac Chua, Partner of SCAngels and Head of Corporate Investments of YCH Group, said, “YCH Group supports aspiring entrepreneurs who possess the vision and know-how to transform the logistics and supply chain value chain. As a corporate venture arm of YCH Group, SCAngels recognises the potential in Liquid Group’s suite of digital payment solutions and believes that the strategic investment will propel the latter’s vision to become one of the world’s leading digital payment platforms. This announcement demonstrates SCAngels and YCH Group’s joint commitment to enhance our clients’ experience in the end-to-end logistics and supply chain experience by providing additional payment options to facilitate trade, to meet the surge in demand for online buying. We are certain that YCH Group’s strong regional resources and network will promote reach and clients’ base for Liquid Group and yield promising growth.”
Mr Jeremy Tan, Founder and Chief Executive Officer of Liquid Group, said, “We are excited to welcome YCH as both our strategic investor and co-creator of specialised digital payment solutions for the supply chain and logistic sector and look forward to spearhead faster and more cost efficient seamless B2B cross border payments together.”
## END ##
About Supply Chain Angels
Supply Chain Angels (SCAngels) is the corporate venture arm of YCH Group. SCAngels invests in start-ups that are synergistic and complementary to YCH Group’s supply chain and logistics business with the aim of “Creating Unicorns in the Supply Chain.” SCAngels deploys funds into high-growth technology enterprises and technology start-ups that are at the forefront of delivering innovative, disruptive solutions in their industries with investment mandate, including but not limited to, start-ups that have high growth potential with a technology focus in areas such as the “Uberisation” of Logistics, the Internet of Things (IoT), 3D printing, Big Data, Robotics and FinTech.
About Liquid Group
Liquid Group Pte. Ltd. is a leading fintech Company headquartered in Singapore with presence across the Asia-Pacific. It provides domestic and cross-border corporate payment solutions for companies across B2B and B2C segments. Liquid Group also operates XNAP Network (www.xnap.network), an open API based QR payment acceptance network that enables the cross-border acceptance of bank and non-bank QR wallets and payment apps across multiple markets in the region.
Liquid Group Pte. Ltd. is regulated as a Major Payment Institution by the Monetary Authority of Singapore to conduct Account Issuance Service, E-money Issuance Service, Merchant Acquisition Service, Domestic Money Transfer Service, and Cross-border Money Transfer Service. It is also a Non-Bank Financial Institution participant of Singapore’s PayNow and FAST network.
Media Contact
Clarrie Liew
Head of Marketing Communications
Executive Chairman Office, YCH Group
Email: clarrie.liew@ych.com
Anna Karlsson
Head of Marketing Communications, Liquid Group
Email: anna.karlsson@liquidpay.com